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Double divergence scanner

39 USD

Demo downloaded: 1 526

Published: 7 May 2018

Current version: 3.0

Double divergence scanner

Name: Double divergence scanner
Price: 39.00 USD
Rating: 4 (7 reviews)
Author: Jan Flodin

Indicators
Jan Flodin
Version: 3.0
Updated: 28 August 2023
Activations: 10

This multi indicator/oscillator (hereafter indicator), multi time frame and multi symbol indicator identifies when a divergence occurs between price and one, two or three indicators. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has RSI and MA trend filter options which makes it possible to filter out only the strongest setups. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system.

It can be used in 3 ways:

Set both main and second/third indicator and leave the default value 'current' as Second time frame. By doing this you will get alerts only when there is a double divergence on each time frame which you have selected.
Set both main and second/third indicator and set the time frame for second/third divergence to for instance H4, or set 'One time frame higher' to True. By doing this you will only get alerts when there is a second/third divergence also on the H4 time frame or on one time frame higher than the main divergence.
Set only main indicator. By doing this you will get alerts when there is a divergence on the selected indicator.

Features

Can detect divergences for the following indicators: MACD, Stochastics, OsMA, RSI, CCI, Awesome (AO), ADX, ATR, OBV, MFI, Momentum and Composite Index.
Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.
Can monitor every time frame, from M1 to MN, and sends you a real-time alert when a divergence has been identified. All Metatrader native alert types are supported.
Can also be used in single chart mode (scanning only current chart).
The indicator includes an interactive panel. Please see separate screenshot for explanation.
The indicator can write the signals to global variables or a file which can be used by an Expert Advisor for auto trading.

Input parameters

Please find the description and explanation of the input parameters here.

Important

Please note that due to the multi time frame functionality, this indicator will not draw lines and arrows or sell and buy advice on the chart where the indicator has been installed. For this purpose you need to create a chart template with my free divergence indicator. It is highly advisable to put the indicator on a clean (empty) chart without any other indicators or Expert Advisors on it which could interfere with the scanner.

more...

368

pejon9999 2021.02.07 10:43 #

I'm testing for a while, but it looks very interesting, I'm a beginner, I must first understand. The support from Mr. Jan is excellent

329

golathmim 2019.11.27 08:10 #

Thanks Jan, this is just what I've been looking for and it works awesome ..... you're a legend.

1690

Wan Ping Fei 2018.11.19 14:55 #

Great indicator, I love it too...

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FREE

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the EA offers. This Expert Advisor identifies when a divergence occurs between price and an oscillator/indicator. It identifies both regular/classical (trend reversal) and hidden (trend continuation) divergences. It has supply/demand zone, RSI, bollinger, stochastics, moving average (regular MA and Hull MA), ADX and volume filter options which makes it possible to filter out only

59 USD

This indicator can send alerts when a Heiken Ashi Smoothed color change occurs. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can send all types of alerts. Option to delay the alert one bar in order to confirm the color (trend) change. Input parameters Wait for candle close: 'true' or 'false'. Setting it to 'true' will delay the alert to the opening of the bar following the bar where the color change occurred.

FREE

The indicator identifies when a divergence occurs between price and an indicator or oscillator. It identifies bullish and bearish hidden or regular (classical) divergences. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can detect divergences for the following indicators/oscillators: MACD, OsMA (Moving average of Oscillator), Stochastics, RSI, CCI, RVI, Awesome (AO), ADX, ATR, OBV, MFI, Momentum and Composi

FREE

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol divergence dashboard indicator sends an alert when one or two different divergences have been identified. It can be used with all time frames from M1 to MN. It is possible to enable moving average or RSI trend filter to filter out only the strongest setups. It should be combined with your own confirmation rules, techni

49 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol supply and demand zone dashboard indicator sends alerts when the price has reached a supply/demand zone. It is also possible to use it to be alerted about regular double tops/bottoms instead of zones. It can be used with all time frames from M1 to MN. It is possible to use RSI, divergence (MACD, OsMA, RSI or Awesome) a

59 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the EA offers. This Expert advisor's (EA) main strategy is to place trades when 3 moving averages (MA) are in consecutive alignment and at a certain distance from each other (it can be used for instance for a not very well known strategy used by some institutional traders, which involves the MAs 10, 20 and 30 on the D1 time frame). The EA works best on H1 and larger time frames. Th

79 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol indicator identifies double or triple top/bottom formations or a following neckline breakout (confirmed top/bottom). It offers filters for RSI overbought/oversold, candle patterns (pin bar, engulfing, tweezer, morning/evening star, three line strike) and divergences (MACD, OsMA, Awesome (AO), RSI, CCI, Stochastic) whic

39 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator identifies double top/bottom, head & shoulder, pennant/triangle and flag patterns. It is also possible to setup alerts only when a neckline/triangle/flagpole breakout has occured (neckline breakout = confirmed signal for top/bottoms and head & shoulders). The indicator can also be used in single chart mode.

59 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This indicator for Metatrader 4 identifies when a divergence occurs between price and an oscillator/indicator. It identifies both bullish and bearish divergences. It has a RSI filter option which makes it possible to filter out only the strongest setups. The indicator also offers options to wait for an Engulfing formation, Donchian channel breakout or for p

59 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator scans for Pin bars, Morning/evening stars, Engulfings, Tweezers, Three Line Strikes, Inside bars and Pennants and Triangles. The indicator can also be used in single chart mode. Please read more about this option in the product's blog . Combined with your own rules and techniques, this indicator will allow

49 USD

Among the top indicators offered here on the market in terms of value for money. I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This supply and demand zone indicator draws the zones on the chart and sends alerts when the price has reached or broken a zone. It has support for one nested zones (zones on one other time frame than the current) which will also be drawn on the chart and involve alerts. It

49 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol indicator identifies double or triple top/bottom formations or a following neckline breakout (confirmed top/bottom). It offers RSI, pin bar, engulfing, tweezer, morning/evening star filters as well divergence filter options which makes it possible to filter out only the strongest setups. The indicator can also be used

39 USD

This multi time frame and multi symbol indicator for MT5 alerts about Heiken Ashi Smoothed color changes. As a bonus it can also scan for Hull Moving Average color (trend) changes. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market. Can monitor every time fram

30 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. In addition to finding bullish and bearish Three line strike formations this multi symbol and mutli time frame indicator can also scan for the following candlestick patterns (please see screenshots for explanation of the patterns): Three white soldiers (reversal>continuation pattern) Three black crows (reversal>continuation pattern) The formations do not ap

30 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol indicator sends an alert when one or more trend reversal candle patterns have been identified on several time frames. It can be used with all time frames from M5 to MN. It is possible to enable moving average or RSI trend filter to filter out only the strongest setups. Combined with your own rules and techniques, this

39 USD

This multi time frame and multi symbol indicator identifies fractals patterns. As a bonus it can also scan for Parabolic SAR (pSAR) trend changes. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market. Can monitor every time frame, from M1 to MN, and sends you a

30 USD

This cost averaging Expert advisor (EA) places additional trades in the same direction as the original (manually opened) order when the price goes against you. It can be used as a grid system or as pure martingale system (exponential increasing of lot size) or smoothed martingale (for instance linear increasing of the lot size). Due to the risk involved, this EA is more suitable for intermediate to advanced traders who are well aware of how to handle risk management and trading an already profit

30 USD

This multi time frame and multi symbol indicator identifies high-probability breakout patterns. It does this by identifying strong, symmetrical pennants and triangles. This pattern DOES NOT appear very often on higher timeframes. But when it does, it is a very high-probability setup. The indicator also includes an Inside bars scanner. It can for example be used to detect a special type of Inside bars formation which is formed by a Master candle (MC) followed by 4 inside candles (please see the

30 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicactor offers. This multi time frame and multi symbol indicator scans for pin bars. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can monitor all symbols visible in your Market Watch window at the same time. Apply the indicator to just one chart and instantly monitor the entire market.

30 USD

I recommend you to read the product's blog (manual) from start to end so that it is clear from the beginning what the indicator offers. This multi time frame and multi symbol indicator scans for engulfing and tweezer formations. The indicator can also be used in single chart mode. Combined with your own rules and techniques, this indicator will allow you to create (or enhance) your own powerful system. Features Can monitor all symbols visible in your Market Watch window at the same time. Ap

30 USD

Filter:

779

8601567 2021.03.12 00:27 #

Still trying to figure it out and how it works on pairs. Very cool idea to have a witness

368

pejon9999 2021.02.07 10:43 #

I'm testing for a while, but it looks very interesting, I'm a beginner, I must first understand. The support from Mr. Jan is excellent

236

suresh2425 2020.06.15 04:33 #

Product is ok . I hope next update will include MACD histogram divergence , engulfing and pin bar filters.

MerryGate inc 2020.04.20 14:57 #

I can't see my signature.

329

golathmim 2019.11.27 08:10 #

Thanks Jan, this is just what I've been looking for and it works awesome ..... you're a legend.

579

Qun Li 2019.03.13 08:40 #

User didn't leave any comment to the rating

1690

Wan Ping Fei 2018.11.19 14:55 #

Great indicator, I love it too...

346

Pip Collector 2018.09.28 18:05 #

Great indicator, I love it.

Jan Flodin is a nice guy who listen to his customer.

[Deleted] 2018.07.23 20:49 #

User didn't leave any comment to the rating

[Deleted] 2018.05.14 03:05 #

User didn't leave any comment to the rating

8975

Aravind Kolanupaka 2018.05.08 04:10 #

User didn't leave any comment to the rating

Version 3.0 2023.08.28

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

This is not a mandatory update if your broker is not using the "-" (minus) character in the symbol names.

Version 2.9 2023.08.27

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

Change log:

- bug fix

Version 2.8 2022.10.13

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- added an option to use close price instead of high/low price for bollinger filter
- added an option to write the signals as global variables instead of to a physical file. This new option is not supported in the Signal EA

Version 2.7 2022.06.15

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- added a possibility to use the indicator in single chart mode (checking only one symbol and time frame). It will then draw the price divergence lines on the chart where the indicator is running. This option is in some ways limited though. More information in the product's blog.
- added the possibility to set price type for RSI and CCI divergences
- added the possibility to set the colors in the panel
- added the possibility to add a custom text to the pop-up, push and mail alerts
- added the possibility to set a custom panel title

Version 2.6 2020.09.15

- added separate fast and slow MA settings for Awesome.

Version 2.5 2020.09.13

*** Please always make a backup of the existing indicator (the .ex4 file) before you make an update ***

- I have changed the logic of detecting divergences so that more divergences will be detected. The new logic will allow divergences even if there are additional indicator extremums (top/bottoms) between the 2 already existing extremum points. Please be aware of the fact that the new logic also comes with a performance cost. Something which will be more visible on slower computers.

- added Bollinger and Stochastics filter options as an alternative to the RSI filter.

Version 2.4 2020.06.03

- upon request I have added the possibility to scan for "early" divergences. This means that the alert will come directly upon candle open instead of waiting for the slope in the indicator to change direction (candle shift 1 or 2). Candle shift must be set to 0 for this to work. Please be aware though that this will lead to more false signals.

Version 2.3 2019.11.06

- added the possibility to write the signals in the panel to a file. Could for instance be used by an Expert Advisor for automatical trading.

Version 2.2 2019.10.30

- added support for checking a higher time frame also if 'Enable single divergence' has been set to True.

Version 2.1 2019.10.28

- added scanning for MFI, Composite index and Momentum divergences
- addded the possibility to scan also for triple divergence

Version 2.0 2019.10.14

- added the possibility to set a custom code page to support unicode extended characters (pound sign etc.) in symbol names
- added scanning for ATR and OBV divergences

Version 1.8 2019.08.12

- added a possibility in the RSI filter to select another time frame than the one currently scanned
- added a possibility to use an additional moving average trend filter
- added an option to scan for ADX divergences

Version 1.7 2019.05.19

- it is now possible to select to scan all visible symbols from the Market Watch window instead of using the 'Symbols' input
parameter.

- added the AWESOME (AO) oscillator

Version 1.6 2018.10.31

- corrected an issue with the custom sound file alert

Version 1.5 2018.10.12

- added possibility to select if to use the RSI filter on first, last or both extremums

Version 1.4 2018.09.24

- added separate periods for RSI and CCI

Version 1.3 2018.07.27

- it is now possible to set the candle shift for the divergence extremum candle
- added option to alert of the second divergence is one time frame higher than the main divergence

Version 1.2 2018.05.15

- corrected issue with the indicator not drawing hidden divergence bullish lines in the strategy tester
- corrected issue with absence of alerts on D1 timeframe

Version 1.1 2018.05.11

- added OsMA oscillator (oscillator of moving average)
- added possibility to set the width of the panel